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UK Shared Prosperity Fund

In April 2022 the UK government published guidance on the UK Shared Prosperity Fund (UKSPF), which is a central pillar of their levelling up agenda.

Funding of £2.5billion has been put in place across the UK over three years to March 2025 to provide a mix of capital and revenue funding for projects that meet the Fund’s three investment priorities:

  • Communities and Place
  • Support for local businesses
  • People and skills

North Lanarkshire has received a conditional allocation of £13,871,047 of which £11,475,645 is core UKSPF funding and £2,395,402 is ringfenced for Multiply activity to support adult numeracy activities for individuals aged 19+.

Following agreement by the eight local authorities within the Glasgow City Region (GCR), a single Investment Plan based on the investment priorities and intervention identified by the member authorities has been submitted to the UK Government for the £73.9M allocated to GCR.

The Investment Plan that has been submitted for approval provides information on a range of interventions based on local priorities, challenges and opportunities, and indicative spend and outputs/outcomes to be selected against them from the council’s funding allocations.

The council has been engaging with a range of stakeholders to discuss priority interventions and will continue to engage as activities within the interventions are developed.

We await feedback from the UK government on the Investment Plan in the Autumn.

Find out more by reading the joint Glasgow City Region investment plan below or email UKSharedProsperityFund@northlan.gov.uk.

UK Shared Prosperity Fund - Investment Plan 2022

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Page last updated:
12 Sep 2022

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